North America: Crypto and Blockchain News Roundup, 4th to 10th May 2018

North America

Welcome to our weekly roundup of all important blockchain and cryptocurrency news from around the world. Follow the latest developments in the cryptocurrency space continent by continent, country by country.

USA

New York cryptocurrency probe continues: New York Attorney General Eric Schneiderman’s resignation might have brought a slight relief for cryptocurrency exchanges but the department says that the probe will continue in the near future. Schneiderman resigned within three hours after reports emerged of physical abuse to four women but this won’t stop any investigation into the operations of cryptocurrency exchanges, 13 of whom are under investigation.

While the companies disguise themselves as mining companies, they are far from such because mining profits aren’t this much at all which reinforces the belief by the state board that these are not real mining companies.

US Racing’s operations director Tim Maxwell said: “…both the legality and associated risk management of accepting cryptocurrency needs further clarification before we see widespread adoption in the gaming and racing industry as a whole.”

The company had over USD 37.3 billion in sales last year and this could be a big news for blockchain-based businesses as enhanced security and functionality would mean more investment in the sector especially in the Oracle’s space.

Millennials who came of age around the 2008 financial crisis had a hard time and they blame the big banks and corporations for the whole mess so it is no surprise that they see Bitcoin’s transparency and profit-making capability as a viable alternative.

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